Sky and Talk Talk are the latest in the frame to buy O2 from Telefonica January 20, 2015 Sky and Talk Talk are the latest to join the queue of apparent bidders to snap up UK mobile business O2 from Telefonica. Talks between the Spanish telecoms firm and Sky and Talk Talk are said to be taking place, according to reports, just days after it was revealed China’s Hutchison Whampoa, the owner of [...]
Wiggins signs Sky deal for Paris-Roubaix bid January 5, 2015 CYCLIST Sir Bradley Wiggins has confirmed plans for a final attempt at winning one of the sport’s most iconic events, the Paris-Roubaix one-day classic, before he swaps road for track racing later this year. Former Tour de France winner Wiggins has agreed a short-term contract with Team Sky that will take him into a sixth [...]
Premier League auction turns heat up on Sky December 17, 2014 Sky’s reliance on Premier League football rights was highlighted again yesterday after a leading broker reiterated its “sell” rating on the company by reminding investors about the significance of the sporting contract to the company’s future. Broker Liberum Capital published fresh research identifying the auction for the Premier League’s viewing rights – which began last [...]
Sky sells majority stake in Sky Bet for £600m to focus on European TV December 4, 2014 BROADCASTER Sky yesterday sold a controlling stake in its online betting and gaming business Sky Bet to private equity firm CVC Capital Partners in a £720m deal. The deal, which comes just weeks after Sky completed the £7bn takeover of its European sister companies Sky Italia and Sky Deutschland, will see Sky receive an initial [...]
Sky offloads online betting business Sky Bet for £800m to private equity firm CVC Capital December 4, 2014 Sky has sold off the majority of its online betting business Sky Bet to private equity firm CVC Capital for £800m to concentrate on its new Europe-wide TV business. The deal will net Sky £600m in cash and a further deferred £120m, giving CVC Capital an 80 per cent stake in the business. Sky has [...]
Sky faces its big match in fight with BT for Premier League TV football December 2, 2014 Sometime early next year – and no one knows precisely when such is the secrecy surrounding the process – the Premier League will launch an auction to decide who will broadcast live matches for three seasons from 2016-17. And analysts are divided over whether Sky, which has held most of the broadcast rights since the [...]
Sky recruits Lazard bank advisers to explore mobile push as BT confirms takeover talks with O2 and EE December 1, 2014 Sky has appointed advisers, including investment bank Lazard, to examine its UK mobile options, City A.M. understands. The move, first reported by the Financial Times, comes as the telecoms sector has lit up with deal talk over the past week since BT confirmed its takeover talks with O2 and EE to enter the mobile [...]
FTSE closes the day flat as miners weigh on BT and Sky gains – London Report November 25, 2014 BRITAIN’S top share index yesterday steadied near a twomonth high, as stronger banking stocks were offset by a fall in mining companies as metals prices weakened. The blue chip FTSE 100 index closed 1.35 points higher, or flat in percentage terms, at 6,731.14 points. The index reached a two-month high last week. Disappointing earnings from [...]
As BT prepares to buy O2 or EE, Sky remains sceptical of need for mobile offering November 24, 2014 Pay TV group Sky, recently rebranded from BSkyB, remained unconvinced by the need for a mobile offering yesterday, after its biggest rival BT looked poised to buy either EE or O2 in a £10bn mobile deal. While Sky’s services include TV, broadband and fixed-line telephone in the UK, the £15.3bn group has yet to offer [...]
James Murdoch steps down as Sky Deutschland chairman after pension fund questions “conflicts of interests and suitability” November 19, 2014 James Murdoch has stepped down from his role as chairman of Sky Deutschland following today's AGM. Murdoch will remain on the supervisory board, with Sky's chief executive Jeremy Darroch taking on the chairmanship role. Andrew Griffith has also joined the board as a member. The move comes two days after the Local Authority [...]